I am hoping to receive a mortgage with Halifax. I intend to retain the legal services of a Licensed Conveyancer in Balham. Does the Halifax Conveyancing panel include conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are only a couple days away from an exchange on a property in Balham and my parents have transferred the exchange deposit to my solicitor. I am now told that as the deposit has not arrived from me my lawyer needs to make a notification to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is legally required to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Are there restrictive covenants that are commonly picked up during conveyancing in Balham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Balham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, no chain conveyancing. Balham is the location of the property. Is there any advice you can give?
Flying freeholds in Balham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Balham you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Balham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I use your search facility to find a conveyancing practitioner in Balham on the approved list for my lender?
Step one is to select a lender such as Lloyds TSB Bank, Norwich and Peterborough Building Society or Bank of Ireland then choose your location for instance Balham. Conveyancing practices in Balham and nationally will then be identified.
Am I better off to appoint a Balham conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can carry out the legal formalities but her office is over three hundred kilometers drive away.
The benefit of a high street Balham conveyancing firm is that you can attend the office to sign documents, present your ID and pester them if necessary. Having local Balham know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were content that must surpass using an unfamiliar Balham conveyancing lawyer just because they are round the corner.